Hey Tadpole, Always good to hear from you.It is funny that you...

Hey Tadpole, Always good to hear from you.

It is funny that you mention this, because I've been filling my boots this morning with another player in this industry that I like a lot better.

This stock looks pretty good and I'll add it to my watchlist, but I don't think it is a patch on MMS (McMillan Shakespeare) that is travelling at a lower PE, has a higher dividend yield and higher growth. Here are the highlights

FY24 Highlights
• Normalised12 Revenue of $525.8m (up 11.5%)
• Normalised Underlying Net Profit After Tax and Amortisation (UNPATA) of $107.6m (up 38.2%)
• Normalised Earnings Per Share (EPS) of 154.5c (up 42.9%)
• Statutory Net Profit After Tax (NPAT) of $83.5m (up 158.5%)
• Full Year Fully Franked Dividend of $1.54 per share (up 24.2%)
• Continued demand for EVs3 and improvements to vehicle supply supported strong novated lease
performance, with EV sales comprising 41.0% of all new novated sales

I was astonished at what happened with MMS, the stock flew at the beginning of the day (to $20) which what I was expecting (I was expecting more) and then fell back to where it began ($18). With a grossed up yield of 12.2%, trading at less than a PE of 12 and growth like that - its hard to find better value anywhere.